2, HALL FARM CLOSE, FEERING, COLCHESTER, CO5 9QD - £575,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 HALL FARM CLOSE is a large detached house of 148m², built sometime between 1983 and 1990, which could now be worth an estimated £661,371. It was last sold for £575,000 in May 2019, which was around 19% above the average May 2019 detached price in the Braintree local authority area. The most recent EPC inspection was September 2018, where the current energy rating was D, and the potential energy rating was C.

2 HALL FARM CLOSE Sold Prices

Land registry data shows two sales for 2 HALL FARM CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. Both of the two 2 HALL FARM CLOSE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2019 10 MAY	£575,000	£484,165	19% above HPI
1995 2 FEB	£147,000	£98,908	49% above HPI

2 HALL FARM CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Braintree local authority area over time, sourced from the HPI. The two 2 HALL FARM CLOSE sales from February 1995 and May 2019 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the February 1995 sale was for 49% above the HPI. So the extrapolation line tracks at 49% above the HPI over time, until the May 2019 sale, where it falls to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might 2 HALL FARM CLOSE be worth now?

2 HALL FARM CLOSE might now be worth an estimated £661,371.

This is based on house price inflation of 15%, between May 2019 and May 2026, for detached houses, in the Braintree local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 15% inflationary increase is applied to the most recent sale price for 2 HALL FARM CLOSE of £575,000 on 10th May 2019. For the value to have increased from £575,000 to £661,371 over the seven years to May 2026, the following assumptions must hold true:

• The value of 2 HALL FARM CLOSE has moved in line with the HPI for detached houses in the Braintree local authority area.
• The May 2019 sale price of £575,000 represented a fair market value for the property.
• The size, condition, and specification of 2 HALL FARM CLOSE has not materially changed since May 2019.

How Large is 2 HALL FARM CLOSE?

2 HALL FARM CLOSE is 148m² according to the EPC inspection conducted in September 2018. This puts it in the largest 30% of detached houses houses in Feering, based on EPC data. The below chart shows the distribution of detached houses houses by size in Feering, and where 2 HALL FARM CLOSE lies on this distribution: 77% of detached houses houses are smaller than 2 HALL FARM CLOSE, and 22% of houses are larger. Note that EPC data is not available for all properties in Feering.

2 HALL FARM CLOSE: Plot and Title Map

2 HALL FARM CLOSE sits on a plot of roughly 0.166 of an acre, or 672m². The below map shows the location of 2 HALL FARM CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 2 HALL FARM CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 2 HALL FARM CLOSE?

2 HALL FARM CLOSE is located in FEERING, in the CO5 postcode district. The below map shows the position of No. 2 on HALL FARM CLOSE.